tv [untitled] December 9, 2013 8:30am-9:01am PST
for this year that are required for all governmental agencis this year. and they primarily dealt with presentation and none that changed the method for how accounting was determined. so when you look at the financials, we do a risk-based approach, where we look at where are the significant accounting estimates and numbers that make up your financial statements? and probably the most significant one for you is the management's estimate of the accrued workers comp and accrued general liability with regard to any lawsuits or claims that might be out there. we looked at the -- with regard to those two items we did look at the analysiss that was prepared by your expert. we had our experts review it as well, to ensure that we felt comfortable with the amount that had been recorded in your
financials and as again mentioned no adjustments. i think the other is that we have to go through and have the responsibility to let you know, if i had any difficulties that i encountered while performing the audit, whether management had complied with providing us with the documentation, books and records and things of that sort; that we needed. we had no difficulty performing the audit and there were no issues where we went through and -- we always have healthy discussions over the proper way to do accounting, but we didn't have anything -- like kpmg, if don't agree with us, you are fired. [ laughter ] imnothing of that nature. if there was i would have a requirement to let you know, the only material written communications we have a contract with the city to engage us and at the conclusion
of the audit, management presents a representation letter that says we provided you the books and records and told you about any contracts significant to the financial statements and made this available to us and have told us about any non-compliance with laws, rules and regulations, et cetera. with that, that is my report. as we said, we conducted a successful, clean audit. and any questions that you may have on our process, findings, et cetera? >> thank you very much, miss rose, appreciate it. this is not an action item, this is informational, is that right? >> yes. >> thank you very much. >> great work. >> item 16, discussion and vote as to whether to conduct a closed session. >> motion. >> second. >> all those in favor, signify
by saying aye? >> aye. >> director lee has to leave with director heinicke and lee opposed, the board also discussed labor negotiation, but took no action and no discussion of anticipated litigation. directors it would be appropriate for a motion to disclose or not disclose. >> motion to not disclose. >> second. >> any further discussion? all those in favor, signify by saying aye? aye. >> the ayes have it. there is a reminder we're here next monday afternoon at 4:30 to meet with our friends from the small business commission. >> in this room. >> 13 people will be seated up there. >> yes, there will be different chairs. >> okay, thank you all.
>> on december 28, 1912. san francisco mayor, sonny jim rolph stared into the crowds of those who have gathered. a moment in history. the birth of a publicly own transit system. san francisco municipal railway. muni as it would become to be known. happy birthday, muni, here is to the next 100 years. the birth of muni had been a
long-time coming. over the years the city was disjointed privately owned companies. horses and steam and electric-powered vehicles. creating a hodgepodge of transit options. none of them particularly satisfying to city residents. the city transit system like the city itself would have changes during the san francisco earthquake. the transition that will pursue from this aftermath would change san francisco's transportation system once again. facilitated by city boss, abe ruth, ushering in the electric city car. the writing was on the wall. the clammer had begun for the
experiment including public transit people. owned by the people and for the people. the idea of a consolidated city-owned transit system had begun traction. and in 1909, voters went to the polls and created a bond measure to create the people's railway. would become a reality three years later. on december 28, 1912, mayor sonny rolph introduced the new geary electric streetcar line and the new san francisco railway. that he said would be the nucleus that would host the city. and san francisco gave further
incentive to expand the city's network. a project by way of tunnel leading into chinatown by way of north beach. in december the first streetcar was driven into the tunnel. just two years after its berth, muni had added two lines. and k, l and m lines that span out from westportal. in 1928, the j line opened heading west to the beach. in 1944 san francisco voters finally approved muni take-over of the market street railway. by then motor bus and trolley bus improvement had given them the ability to conquer san francisco's hills. after the war most of the
street-car lines would be replaced with motor or trolley bus service. in 1947, the mayor recommended replacing two lines with motor coaches. and it appeared that san francisco's iconic cable cars had seen their final days. entered mrs. cluskin, the leader to save the cable cars. arguing that the cable cars were a symbol of the city, and she entered a charter placed on the november ballot. it passed overwhelmly. the california street cable railway was purchased by the city in 1952. there were cut backs on the cable car system and in 1957 only three lines would remain.
the three lines that exist today. in 1964 the cable car's future as part of california's transit system was sealed when it was proclaimed a national historic landmark. in february, 1980, muni metro were officially inaugurated. in that same year, muni received its first fleet of buses equipped with wheelchair lifts. in 1982 when the cable car had a shut-down, they added an alternative attraction to the cars. the festival was a huge hit and would continue for the next four summers in a permanent f-line
that would extend all the way to fisherman's wharf, by 2000 the f-line was in place. and in 2007 muni extended the third line to the southeast corner and returning to third street. for the first time in 60 years. in the course of last 100 years, muni's diverse workforce forged by men and women of innovation have reflected the many cultures that flock to the city. muni's ground-breaking antidiscrimination has guaranteed equal opportunity for all. the city's policy mandates the course for the future, as they work diligently to increase options and increase
multialternatives, and deduce -- reduce the carbon footprint. it continues to improve the systems. during this sen -- centennial year we reflect on the transit system. driven n >> (clapping) all right. thank you erica and thank for the great work. leader pelosi and mayor ed lee thank you for your attention. welcome to yelp. i'm excited to have you here at our new headquarters.
as you know yelp has lived within the same radius. we've moved a short distance away and to keep our headquarters in san francisco was a conscious one. san francisco was a key player in the yemz story. we realized that yelp might work in cities around the world with yelp in 23 criteria's we need a little bit more desk space. yelp has 17 hundred employees 8 hundred in sf. we're committed to growing the local economy and maintaining a strong connection to our san francisco lines. when looking for a new
headquarters it was location, location, location. we needed somewhere to provide easy access to lots of local businesses and restaurants and remain convenient for mass transit riders and bike riders a lot of our employees ride bikes. combrem is pack at about local plays and celebrate the distinct active and unique. we want to have this into a more than workplace. talking of resident at the 130 montgomery is an important milestone. we'll celebrate our tenth
anniversary next year. i'm privileged to introduce yelp leader our 2kwishd nancy pelosi (clapping.) and what on a honor to be your representative in congress. thank you jeremy. your leadership and your sense of community and for staying in san francisco. i'm honored to join you and your colleagues especially our mayor who has a relationship with this part of the whole city, of course, but this was his baby and he's done a remarkable job. when we cut relishes at another
that i have i tip my hat to president obama for helping to make business grow in this part of town. it's great to see you again jeremy. he brought some of the enthusiasm to washington for yelpless recently. and erica congratulations on our work here. lisa and matt congratulations on our awards how wonderful. but it's a principle for me to be here as your representative in congress to the new headquarters but a building of great tradition and that's in our city. this whole faith is built on technology and really save in
community because community is what yelp is all about. yelps success is living proof that american business doesn't want just service a small community but this whole community. from the beginning this torrid company acknowledged that this can be a good model of bits. and certainly there's no befrt place to test this model but in san francisco. consider where we are today 140 new montgomery street stand for innovation. the first sky skrarpt to be in san francisco. it was then the pacific
telephone company. i've been using caving stone as means of communication but that was the innovation of the day. that was here in 1929 that, sir winston churchill made a telephone call for his 21st wedding anniversary he said why say the age of migraines it past it's just the beginning to today, we mark a new beginning it's called the monument for talk it's called yelp. today, we have the opportunity to celebrate the now global company community community community how many communities
jeremy. while millions of companies understand how yelp can help to change minds fewer know how dedicated this is to helping nonprofits doing the same they're committed to helping leader to find czar grant award and a having champions within the company to open the doors of opportunities pr i congratulate you it's a small amount of money to help incurs who are striving to build better community. 826 val say thank you for helping children to learn more
skills. and that's what communication is all about. and the initiative to expand their business. it's all connected to communication and empowerment. i take it something is going to happen with bell, pack bell jeremy said they have their yellow pages and we have yelp. we affirm our deaths for the economic engine it drives the american dream so thank you yelp for your leadership this tliefrz on the power of community. thank you for your imperial
spirit and a your commitment to the community. thank you congratulations to yelp (clapping.) don't use it as a model but (laughter) you really this is such a passion for the mayor. and i know what this means to many this building yelp coming here for him everyday strives to make san francisco the engine of economic growth of community respect of giving opportunity to so many people. i know this is a special program and he wanted to decade yelp to the san francisco community >> thank you
(clapping.) well, that's kind of neat to have it yielded by the leader. i am, of course, very glad to be here at yelp this is my second invest to this site. i know that erica having something in common being from berkley. it's great to see people coming together after law but it's good to see maybe there's life for me. but i'm happy to be here and join nancy pelosi and congratulating he yemen they're new home. yelp is special they're starting here and staying here that i i love coming here it is now 8 hundred the numbers changed.
i visited a few weeks we looked at the building restroom for a thousand. i want to join leader pelosi it is a happy day. i love to see companies succeed and the collaborating and sharing ideas this is what yelp has done. and then to do something special in the what happened in san francisco because companies that are here and start here they follow in the tradition like the charles swabbings and the fisher's and the hell man's they discover the resources and want others to grow with them. that's why to recognize 3
outstanding nonprofits you've columbian but even if company like yelp now, it's yelp and yelp foundation. i love that because i got it, it's sales force and sales force foundation the technology companies are taking up that social responsibility like no others and i love seeing that because that's been the values of san franciscans. we've shared in our success and as we present more companies whether their along market street or monday night grorm we have 1 thousand companies in san francisco plus. think about how many foundations this represents >> we all know the
understanding is becoming clear innovation is not about the temple it's about a way of thinking. it suggests that community collaboration, building of that community, sharing of ideas is really a spirit. i've been very happy to collaborator collaborate with yelp and looufrt has been with us a couple of times we have a relationship that's not just in the city. i'm happy to bring yelp with me and present them to other mayors. we get to not only brag but to announce we're solving things that we're not in the drudgery of retention reform and run away
accounts but we can solve them in partnership with the private sector. we took this one example data that no one looks altered from restaurants and we discovered there's no eyes on that so we matched that up with the real eyes that are at yelp and made that connection so when you go to let yelp website i can see the relationship in government and we announced that and other cities asked how we have more people using that process. that's one of dozens of example whether it's in transportation finding parking spaces and ride
sharing to function more efficient. this partnership goes beyond it and you have made it exist. i'm interested in seeing the other donation you're making to consumer free speech and thank you yelp for being here i want to call up jeremy and a nancy pelosi it's about time that on the occasion of establishing you're wonderful headquarters and i'll watch the demonstrate you're wonderful services this is today yelp day colleagues, that places you on the next item >> does that mean he can park